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may be heading into these emergencies first, plenty of cities in so cal are in the congo line. she is buying things that you can understand and which pitch and obligations are not the main 800 pound gorilla. and not all news is bad. s&p just raised l.a. county's credit credit to go aa from aa minus. that is if you believe such things. back to you. >> i like that congo line imagery. that's a good one. >>> when we come back, is your cell phone bill eating up your budget? a new company promises to save you hundreds of dollars a year by making data free. that's right. we'll get all the details on freedom pop from the company ceo next. for 30 some years at manyendent different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. insulifreestyle lite can. help you test easy. they need a third the blood of onetouch ultra. zipwik tabs target the blood and pull it in. call no
, and we keep that first and foremost in our minds. >> danny, we always think of you as a new york city guy but you have operations in philly and boston. has the damage there been much different than right along the new jersey/new york coastline? >> well, so far we have none in boston, just to be clear, but we do have two in miami and this was a rare hurricane storm that seemed to avoid miami. so those guys are good. washington, d.c., we're going to check in with them. as i said, i've been hampered myself just because we have no internet and i was able to find a land line to call in to you guys, but we realize we're in a day and age where cell phones -- we have no cell certificaservicn for some reason either. so we're trying to learn. we think that washington is okay. we think that philadelphia is okay. and then up in connecticut we're trying to find out if our west port and new haven shake shacks have electricity. sometimes that coastline gets hit hardest in terms of electricity. as soon as i hang up the phone with you, now that i found a land line, i will try to assess what's going on. we
at monetizing its ip and rolling through disney ecosystem. >> new york city mayor mike bloomberg making his way across the street near the exchange as he comes into the exchange to ring the opening bell on this first day of trading since last friday. there you see new york city mayor bloomberg coming in. >> interesting tweets coming back and forth about antitrust. mental antitrust in disney. who do we have left that we went to the movies and saw? disney has them all except for -- >> warner brothers. >> warner brothers has cartoons and spongebob -- sandy is one of my favorite characters. >> we love a lot of spongebob in my house. a little young. >> we haven't gotten there yet. interesting on disney, pixar sucked it out of lucas films and sold it to disney which is now reunited with lucas films. a nice circularity. incredible. >> one of the themes that david said over and over again, listen, bankers, listen, companies, this is your chance to buy. stocks go up when you make a buy. no one is listening. >> that's what we see this morning. >> these are must haves for disney. he made it clear and he m
to come, a vegas first. a shower infused with vitamin c arriving in sin city today. >> how does that help you? >> would you pay 20% to 30% more to stay in a hotel designed for the health conscious traveler? we'll take you live inside the debut of the wellness rooms at the mgm grand next.wo . and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dea
declined to $171 billion, the first time that the so-called bad bank has comprised less than 10% of citi's balance sheet. the cfo said it's not small enough yet to dissolve back in the bank in the near term. we had a depar tour for citigroup from what jpmorgan's jamie diamond and wells fargo said was a turning point. for citigroup housing shows a different story. mortgage originations though they're up 12% from last quarter, they went down 15% from a year ago. during that same time mortgage related revenues went up some 35% in the u.s. retail banking unit. big questions there on the media call as to why that was happening, but for citi, which ranks fifth for u.s. mortgage origination, the activity remains strong but the upswing in revenues is largely because of heavy refinancing activity. spreads are widening because they're maintaining higher mortgage rates. citi is not looking to gain more share in mortgage refinancing and he actually expects some compression on mortgages in the u.s., but that's a different approach from jpmorgan and wells who were more vocal about actually lowering th
previously served as citigroup of europe. the changes come one day after citi's earnings beat expectation in a conference call which, of course, jim said absolutely nothing about this. >> no. this was the first quarter that was the break out quarter for international. first time that i felt that the company had put a lot of its problems behind it. best knit interest margin. we only had a couple of banks report. people are trying to present this this was logical, this was in the works. this was the least logical, least in the works. corbat terrific. he ran holdings. 48 hours did we know this? i don't know. i got to tell you that the people that i talked to at citi, to say not in the works is being underplayed. >> there's shock at least among a handful of people who i talk to regularly at senior who are senior but no way aware of this. they are shocked. they heard it about an hour prior to the announcement being put out there. and, you know, it seems as though we don't know at this point, although we listen eed t andrew ross sorkin's report right now. there was some contention between board
mortgage rates, i just sat down with the ceo of citi mortgage. diana? >> record low mortgage rates and record profits at the nation's big mortgage banks but can consumers say lending is too tight and they are not getting their piece of qe3? first to the news, a civil lawsuit filed by new york's attorney general against jpmorgan chase charging fraud and mortgage-backed securities. in an exclusive interview this morning, i sad sanjay das what this means for citi. >> the whole ongoing litigation is speculative. i can't really tell whether there will be lawsuits or not. i will say that we've put a lot of issues behind us from the settlements that have been done so far. we have done a large settlement as part of the large bank settlement with the international monetary settlement. and we are on the path towards fixing a lot of the issues from there. so we are much more focused on fixing the issues in our substantially long way down the path of fixing it. but unfortunately i can't speculate on what may come down the tube. >> he does not believe it will hit citi's bottom line. the banks c
. it starts with you. >> another day of drama in athens as andrea merkel made her appearance, the first since the debt crisis began. thousands of police around the city. simon hobbs, that did not stop the protesters at all. >> absolutely. i will show you three symbolic acts as the most dominant figure in the european crisis went to the economy that the critics argue she is destroying through austerity. this is probably what will be on the front paging tomorrow morning. on the square next to parliament four people dressed in military uniforms riding and waving black and white and red swastika flags and stuck their hands out in a nazi salute. a lot of banners reading merkel out, this is not a european union, this is slavery. this is an image with huge potency around europe. the second is angela merkel at the news conference stood next to the greek prime minister. symbolic for two reasons. on the one hand she is saying i am a good european and i won't force you out of the eurozone. we have given you lots of money and on the second, particularly important, at home she is saying there will be no m
with. did he have less legitimacy with government officials? >> not at all. first of all i didn't deal much with pandit, i met him a couple of times. citi group was very fortunate in dealing with treasury and our office most of it was done by one of the vice presidents at citi and lou caden had a keen political ear and instinct how to deal with treasury. we had no difficulty with citigroup at all. >> an interesting time in banking in this country. appreciate your fwidance. see you soon. >> any time. >>> markets continue to decline. dow is down 133. the big weakness on the dow continues to be names that reportedly are mcdonald's, microsoft and ge and now aig joining the ranks of companies that are down almost 4% in their case. when we come back it's been 25 years since the stock market crash known as black monday. we'll talk to the man who helped make sure all those trades at the cme actually got leader that day, the former chairman of the cme, jack sander. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron
with the auto rescues. >> i had a feeling i was going to ask a question. i didn't know if it would be the first or i would open up the debate. i just felt a lot of pressure not to embarrass the family. >> i hope what it means is that city is going back in a more solid conservative banking direction. >> good wednesday morning. we're live here at post nine at the new york stock exchange. let's get a check of the markets. dow was down 30, 40 points earlier this morning, now down 5. s&p has gone positive, nasdaq as well. a lot of this due to ibm, of course, which given the weighted index of the dow, is responsible for a large weight of the dow's performance. after news that white wave, a unit of dean food, says it expects its ipo to price between $14 and $16 a share. dean foods also saying third quarter sales for the unit rose 13% from a year ago. education stock some of the biggest losers after apollo reports a 60% decline in profit after weak enrollment numbers. it's dragging down others, including itt, strayer, and devry. romney and the president went head to head in their second debate last nig
contamination. >> are you that crazy for money? >> i guarantee you, we will organize under the first amendment everybody in here and bring the wrath of god into this chamber and power back to the people. >> reporter: other cities have already sold their mineral rights. in scio, ohio, the money from drilling will pay for new sidewalks, water treatment, and perhaps give the town a shot in the arm. >> a few years ago, every storefront just about was empty. now there's new business coming in. >> reporter: as cities struggle with tight budgets, a windfall of millions of dollars trapped under public lands is a tempting capital to their cash crunch. >> this is something that could help the area not only now but 10, 20, 50 years from now, just like when the steel mills came here. >> reporter: back live in youngstown, ohio, and they are almost done take ying down this entire house, carl. to remove a house like this costs anywhere between $7,000 and $800. a quick update, late last night the youngstown city council did agree it would sell its mineral rights, or at least explore selling its mineral rights
experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with a citi card. [ crowd cheering, mouse clicks ] >>> on a down day, the hard drive makers are the biggest losers. western digital reporting a first quarter bead. weak pricing and delays because of windows 8. you can see today it gets a sell rating over at capital iq on the back of those earnings. and seagate technologies reports next week, and it's suffering clit ral damage there. >> thanks a lot, bertha. today's selloff started overseas, and now there's only a few moments left in europe's trading day. going to be interesting to see how it affects us here in the u.s. >>> simon hobbs, art cashin made the point earlier on, if you need to sell, sometimes you go where the market is still open. >> interesting. maybe that's what happened. europe through the selloff until this point has been open, and what we've seen here in the united states has ensured there has been greater selling on the other side of the atlantic. just have a look at the chart. the beginning of the session was all about the struggle that those
" the first option should be finding a safe place to stay with relative or friends. however, we have also opened 76 emergency shelters in city public schools for those who did not have that option. they are still -- >> that is yor mayor mike bloomberg. the headline essentially that he is closing new york city schools for the second day saying there is, quote, no chance that mass transit will be ready to get people to and from work or school around the city. saying the fdr highway is fundamentally closed in his words. looks like the storm surge according to the mayor will hit at least in the new york city area around -- starting around 8:00 or 8:15 p.m. tonight. he's looking for storm surge between 6:00 and 11:00 p.m. jim, obviously we're not a local channel. our news goes around all of the country and around the world. but this is turning into a storm that new york city for most intents and purposes is going to own. we are in the worst spot. >> this reminds me of the 1992 hurricane andrew. i'm not going to minimize what could happen. health, loss of life. but that was worse in some ways t
Search Results 0 to 12 of about 13